Research Related Party Transactions Of Listed Companies Audited

Since reform and opening, with the rapid development of China’s economy, coupled with the deepening and improvement of the stock market, many businesses and companies have listed on the stock market huge and profound changes have taken place. With the development of the securities market, many of the problems associated with the transaction also will produce. Related party transactions appear not only on the extent of savings in transaction costs associated with the enterprise, improve operational efficiency. But also for enterprises to provide a means of financial fraud. Some companies use improper related party transactions of financial malpractices not only hindered the resource allocation function of the capital market to play, but also harm the interests of the listed company stakeholders, to adversely affect the community. Related party transactions are increasingly complex, concealed. Not standardized disclosure also increasing, companies rely on their own strength has been difficult to prevent an inappropriate related party transactions. Therefore, we must increase the external audit of related party transactions efforts to reduce the incidence of improper related party transactions.Yaxing Chemical related party transactions for audit case studies, through the perspective of audit related party transactions of related parties own characteristics, related party transactions of the audit process defects were studied by this article. Analysis of the contents of the related party transactions and risk characteristics, based on the analysis of related party transactions Yaxing Chemical inadequate audit presence, combined with the status of related party transactions of the audit. Build a targeted audit procedures related party transactions, and make relevant recommendations.The first chapter is an introduction, introduces the background and significance of this, current research and literature review, research methods, thesis and dissertation innovation structure.The second chapter is the theoretical basis and related concepts, first introduced the relevant theoretical basis, including transaction cost theory, fraud triangle theory and agency theory, followed by the introduction of the definition of related party transactions and, once again describes the contents of the audit and related party transactions principle, finally introduces the audit risk related party transactions.The third chapter is the case on the basis of the text of the previous analysis carried out, the first part of Yaxing chemistry profiles, related party transactions and other processes were introduced, the second part of the audit of related party transactions Yaxing Chemical problems in the last part Yaxing Chemical analysis of the causes of the existence of related party transactions audit issues.The fourth chapter of Revelation case put forward relevant proposals from several angles improve relevant laws and regulations, auditors, accounting firms, the establishment of procedures for the audit.The fifth chapter is the conclusion, findings include deficiencies and future research should be the subject of further research papers main conclusions of these two aspects of the paper.